Insurers Refuse to Pick Up Bill for Billions in Opioid Claims March 8, 2022 By Jef Feeley A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers,...
Report: Nearly a Third of U.S. Hazardous Chemicals Facilities Exposed to Climate Change Dangers March 3, 2022 By Don Jergler A report from the Intergovernmental Panel on Climate Change stating that climate change is leading to increasingly irreversible impacts, with...
Florida Man Sentenced in N.J. for Filing More Than $1.2M in Fraudulent Insurance Claims April 26, 2018 A Florida man was sentenced to nine years in state prison for filing more than $1.2 million in false claims...
UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations May 26, 2017 By Padraic Halpin British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack May 15, 2017 By Carolyn Cohn and Suzanne Barlyn Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions...
Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit May 5, 2017 By Jamie McGeever Luxembourg is in talks with a wide range of financial firms looking to relocate out of London as Britain leaves...
AIG Completes Sale of Japanese Life Unit to FWD Group May 2, 2017 American International Group announced it has successfully completed the sale of AIG Fuji Life Insurance Co. Ltd. (AFLI) to FWD...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council April 19, 2017 By Sarah N. Lynch and Suzanne Barlyn With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of...
Billionaire Investor John Paulson Planning AIG Board Exit April 17, 2017 By Sonali Basak Billionaire John Paulson is planning to step down from American International Group Inc.’s board after his hedge fund sold shares...
AIG Board Refuses CEO Hancock’s 2016 Cash Bonus after Poor Earnings April 17, 2017 By Suzanne Barlyn American International Group Inc.’s board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his...